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The Global Market place has witnessed growing consumer’s inclination towards vegan, gluten-free and natural foods; such trend has positively impacted canned fruits and vegetable market which is evolving rapidly by providing minimally-processed offerings that are not only safe but also exhibit greater shelf-life and enhanced convenience. Canned fruits & vegetable market is anticipated to gain momentum during the forecast period, owing to escalating demand for convenience food across the globe.
Canned fruits & vegetables are pre-washed, peeled and chopped, hence can be consumed directly which helps in saving the time of consumers. Rising awareness in various developing economies towards the health benefits of consuming canned fruits & vegetables is expected to fuel the growth of canned fruits & vegetable market in the forthcoming years.
Furthermore, enhancement in canning technology due to increased investment in R&D of food processing processes and equipment, coupled with broadening distribution network of canned food items and high shelf-life of canned fruit & vegetables are projected to contribute significantly in the growth of canned fruit & vegetable market. However, stringent regulations on the use of ingredients & additives in canned fruits and vegetables, coupled with high cost of the packaging material of canned products can restrain the growth of canned fruit & vegetable market during the forecast years.
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Some of the key companies that are present in the global canned fruits & vegetables market are Del Monte Foods, Kraft Heinz, Dole Food Company Inc., Seneca, ConAgra Foods, Mediterranea Belfiore SRL, Casual Spain, Banmai, and Shenzhen Mingjun Co., Ltd.
By Product Type
· Toppings & Dressings
· Other Applications
· North America (U.S., Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of MEA)
Canned mushrooms are expected to be the fastest growing segment during the forecast period, due to higher demand for the product across the globe. High microbial contamination chances in mushroom is also a leading reason for the growth of canned mushroom (longer shelf-life) segment during the upcoming years. Scaling-up in canned tomatoes demand is projected during the forecast period, due to high chances of damage and spoilage of tomatoes while transportation. The demand for canned fruits such as peaches and strawberries are expected to rise during the forecast period, owing to the presence of a high amount of minerals, ions, and vitamins in canned fruits.
Europe is anticipated to be holding the major market share in global canned fruit & vegetable market, due to escalating demand for sealed food items in the region, due to higher safety associated with them. High consumer awareness towards the benefit of consuming canned fruits and vegetables among European consumers is another reason expected to drive the growth of canned fruits & vegetable market of the region.
Canned fruits & vegetable market in the Asia Pacific is projected to witness considerable growth in the forthcoming years due to rising demand for convenience food in emerging economies of Asia, such as China and India. An improved distribution system for canned products in Asian countries is further expected to boost the growth of canned fruits & vegetable market during the forecast years.
In March 2018, Danish-headquartered bioscience company Chr. Hansen has launched nu-trish LGG DA, an adjunct culture that gives a fast and robust fermentation when combined with a starter culture.
In October 2018, AUGA Group launched a line of organic and flavoured milk shake. The cans are made of non-toxic semi-degradable packaging.